Korea Electric Power Corp (015760) fair value: what the stock is really worth
We calculate from audited financials what Korea Electric Power Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 15,512 KRW – 67,900 KRW · fair‑value band 60,207 KRW – 221,409 KRW · the 30,850 KRW price screens below the 104,303 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Korea Electric Power Corporation, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through five segments: Electricity Sales, Nuclear Power Generation, Thermal Power Generation, Power Support, and Other.
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Korea Electric Power Corporation, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through five segments: Electricity Sales, Nuclear Power Generation, Thermal Power Generation, Power Support, and Other. It builds and operates overhead and underground transmission power grids; offers digital substations, grid stabilization equipment, and predictive diagnostic system; high voltage direct current transmission; distribution network construction, distributed energy, and smart distribution network; power outage prevention, insulated sticks, and scheduled power shutdowns; and smart metering service. The company also engages in electricity sale and demand management; electric vehicle charging; microgrid; urban energy planning platform; solar power generation projects; and clean hydrogen businesses, as well as research and development. In addition, it is involved in thermal, nuclear, wind, solar, and hydro power generation; power grid consulting/EPC projects; HVDC submarine transmission; power plant engineering and maintenance; nuclear fuel design and manufacturing; power IT services; investment activities; coal ash industrial materials resource manufacturing; facility management and service; wood pellet utilization; and securitization. The company was formerly known as Korea Electric Company and changed its name to Korea Electric Power Corporation in January 1982. Korea Electric Power Corporation was founded in 1961 and is headquartered in Naju-si, South Korea.
Stock analysis
Korea Electric Power Corp (015760) currently trades at 30,850 KRW, while our model-based Fair Value estimate is 104,303 KRW, implying the stock looks roughly 70.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 214,957 KRW per share, and 22 of the 26 models we run sit above the 30,850 KRW price.
Bear case: the Growth DCF group reads lowest at 15,095 KRW, and 4 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: 60,207 KRW (bear) to 221,409 KRW (bull), the price of 30,850 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Utilities sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Korea Electric Power Corp reported revenue of 96.6T KRW in FY2025 versus 60.6T KRW in FY2021, a compound +12.4%/yr. Reported net income was 8.5T KRW in FY2025.
Key figures
Market cap 23.2T KRW (≈ $16.3B) · P/S ratio 0.24 · Dividend yield 5.0% · Net margin 8.8% · Return on equity 18.7% · Return on assets (EBIT) −2.0% · Operating margin 15.6% · Revenue (TTM) 97.6T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −36% fair-value upside, at 238%, 015760 screens cheaper than that median.
Fair Value models
Bear 60,207 KRWFair Value 104,303 KRWBull 221,409 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.5%
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.8%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+38.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.1%
Dividend (yield on the price)5.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 14%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.0%
Yearly sales growth analysts expect, extended to five years.
Compare Korea Electric Power Corp with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 156 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Above median
Profitability
Return on equity (TTM)19% · Top 25%
Return on assets3% · Above median
Net margin (TTM)9% · Below median
Operating margin (TTM)16% · Below median
Growth and dividend
Revenue growth1% · Below median
Dividend yield (TTM)5.0% · Top 25%
Balance sheet
Debt / equity1.74× · Highest 25%
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Korea Electric Power Corp Fair Value". https://www.fairvalue-calculator.com/stock/015760
Frequently asked questions
Is Korea Electric Power Corp (015760) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 104,303 KRW versus a price of 30,850 KRW, about +238% upside (undervalued).
What is the fair value of 015760?
Our model-based fair value for Korea Electric Power Corp is 104,303 KRW (as of Sep 13, 2026), built from audited fundamentals. The current price: 30,850 KRW.
What is the quality score of 015760?
Korea Electric Power Corp has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Korea Electric Power Corp (015760)?
Our model-based price target is the fair value of 104,303 KRW (as of Sep 13, 2026) from 26 valuation models. Cautious scenario 60,207 KRW, optimistic scenario 221,409 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea Electric Power Corp stock forecast for 2026?
Our models put fair value at 104,303 KRW, about +238% upside versus a price of 30,850 KRW (undervalued). Cautious scenario 60,207 KRW, optimistic scenario 221,409 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korea Electric Power Corp (015760)?
Korea Electric Power Corp reported trailing-twelve-month revenue of about 97.6T KRW (latest available figure, as of Sep 13, 2026).
Does Korea Electric Power Corp pay a dividend?
Korea Electric Power Corp currently shows a dividend yield of about 5.00% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Korea Electric Power Corp (015760)?
For today's price to be fair in a discounted-cash-flow model, Korea Electric Power Corp would have to grow free cash flow by +15.3 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.5 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 015760 use?
Our models discount Korea Electric Power Corp at 9.1 %: a base by market capitalisation (large), damped by beta 0.78, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Korea Electric Power Corp that is +15.3 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Korea Electric Power Corp (015760) delivered so far?
Over the past 5 years revenue at Korea Electric Power Corp grew +10.5 % a year. The price currently implies +15.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Korea Electric Power Corp (015760) growing?
The median revenue growth in the sector is +0.7 % a year. That is the yardstick for the growth priced into Korea Electric Power Corp (+15.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Korea Electric Power Corp (015760)?
The free-cash-flow yield on the price is 24.96 %: that much free cash flow Korea Electric Power Corp produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Korea Electric Power Corp (015760)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea Electric Power Corp it is 104,303 KRW per share (as of Sep 13, 2026), against a price of 30,850 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Korea Electric Power Corp stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 015760 trades below its calculated fair value: price 30,850 KRW, fair value 104,303 KRW, a gap of about +238% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 015760?
No. The price is what the market pays today (30,850 KRW); the fair value is what the company's own numbers justify (104,303 KRW). For Korea Electric Power Corp the two are 73,453 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea Electric Power Corp worth?
The market values Korea Electric Power Corp at about 23.2T KRW (market capitalisation, as of Sep 13, 2026). Per share that is 30,850 KRW; our models calculate a fair value of 104,303 KRW per share.
What do the bullish and bearish scenarios say about 015760?
Our models span a range for Korea Electric Power Corp: cautious scenario 60,207 KRW, base 104,303 KRW, optimistic 221,409 KRW per share (as of Sep 13, 2026, price 30,850 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Korea Electric Power Corp (015760)?
Balance-sheet figures for Korea Electric Power Corp (as of Sep 13, 2026): return on equity 18.7%, debt of 1.74 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 015760 from its 52-week high?
Korea Electric Power Corp trades at 30,850 KRW, about 56% below its 52-week high of 69,500 KRW and 19% above the low of 25,852 KRW (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 104,303 KRW is for.
Which stocks are comparable to Korea Electric Power Corp?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, National Grid plc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Korea Electric Power Corp stock attractive at the current price?
The data as of Sep 13, 2026: price 30,850 KRW, calculated fair value 104,303 KRW (+238%), Quality Score 48/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 015760 calculated?
We run Korea Electric Power Corp through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 104,303 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Korea Electric Power Corp currently trades 238 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Korea Electric Power Corp (015760)?
The closing price on Sep 21, 2026 was 30,850 KRW. Our model-based fair value is 104,303 KRW, about +238% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korea Electric Power Corp right now?
The price is below even our cautious bear case (60,207 KRW). The market is more pessimistic than our downside scenario. The model range is unusually wide (60,207 KRW to 221,409 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Korea Electric Power Corp
How large is the market capitalisation of Korea Electric Power Corp (015760)?
The market capitalisation of Korea Electric Power Corp is 23.2T KRW (≈ $16.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Korea Electric Power Corp (015760)?
The price-to-sales ratio of Korea Electric Power Corp is 0.24 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Korea Electric Power Corp (015760)?
The dividend yield of Korea Electric Power Corp is 5.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Korea Electric Power Corp (015760)?
The net margin of Korea Electric Power Corp is 8.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Korea Electric Power Corp (015760)?
The return on equity (ROE) of Korea Electric Power Corp is 18.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Korea Electric Power Corp (015760)?
On an EBIT basis the return on assets of Korea Electric Power Corp is −2.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Korea Electric Power Corp (015760)?
The operating margin of Korea Electric Power Corp is 15.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korea Electric Power Corp (015760)?
Revenue at Korea Electric Power Corp is growing +0.7% versus a year earlier (3y avg +10.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Korea Electric Power Corp (015760)?
Earnings per share at Korea Electric Power Corp are growing +7.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Korea Electric Power Corp (015760) carry?
The net debt of Korea Electric Power Corp is 128T KRW (fiscal year 2025, ≈ 25.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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